June 2012

Bullion prices rallied Friday, the final day of June and of the second quarter 2012. The sharp gains lifted all but one precious metal higher for the week and half of them for June, but each fell for the quarter.

Gold advanced Friday but the sharp drop on Thursday combined with losses on the prior three days totaled to a weekly 3.8% plunge. Gold prices for August delivery added $1.40, or 0.1%, to close at $1,566.90 an ounce on the Comex division of the New York Mercantile Exchange. Gold moved between an intraday low of […]

Gold prices pulled back for a second session on Tuesday, although losses over the two days totaled a modest $4.90. Trading volume was light for both as players are a bit on the sidelines as they wait for the Fed to announce its latest monetary policy on Wednesday.

Gold prices advanced on Friday, for the week and for sixth straight session. Gold’s weekly increase came to 2.3%, behind palladium with its rise of 3% and a pick-up for platinum of 4.4%. Silver also logged a weekly gain but it was the most modest in the group at 0.9%.

Gold prices marked a fifth straight day of gains on Thursday despite newly released data showing falling US inflation. The Labor Department said its Consumer Price Index fell 0.3% in May, which is the deepest drop since late 2008.

Gold on Wednesday marked its fourth straight day of modest gains as safe-haven demand provided support. Gold prices for August delivery inched higher by $5.60, or 0.3%, to $1,619.40 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal traded between $1,607 an ounce and $1,626 an ounce.

Gold prices rose modestly Friday but failed to reach over the significant previous session drop so the yellow metal notched a weekly loss of 1.9%. Other precious metals were down on the day and week. Weekly losses included 0.1% for silver, 0.3% for palladium and 0.6% for platinum.